Well let's explaining little trap here maybe go far from 63,600$ for btc $BTC well there is some bullish happening now right :) no it's only taking out sell orders same it's done for buy order before the fact is bitcoin landing but also we all know up and down is normal wave in chart there high risks in entering market at the time fast movement happen so be careful 63 is our entry of sell orders Now who want to take buy order wait till it's go down little for you enter in safe good luck everyone. #BTC☀ #Write2Earn #bitcoin☀️
Why Bitcoin about to crash ist real or only deal? why its need to touch the lowest price? Who is behind the buy pressure in the time it's need to be down? Ist the time to buy or sell btc?
Let's see how by analyze 2023-2024
Bitcoin started the year 2023 with a notable rally, driven by increased institutional interest and broader adoption. It reached several peaks during the year but also faced significant corrections, reflecting overall market volatility.
Late 2023: As Bitcoin approached the end of the year, it formed a "round hill" pattern, indicating a potential peak in price before a downturn.
Round Hill PatternThis pattern typically indicates a gradual rise followed by a rounded peak. In the context of Bitcoin, this suggests a peak reached in late 2023, followed by signs of weakening momentum.
- The price action at this stage may show a plateau or slight decline, signaling that the market might be preparing for a correction.
- RSI (Relative Strength Index): If the RSI is above 70, it indicates overbought conditions, suggesting that a correction might be imminent.
-Moving Averages: Look for crossovers, such as the 50-day moving average crossing below the 200-day moving average, which can signal a bearish trend.
As we move into 2024, watch for macroeconomic factors, regulatory developments, and technological advancements in the crypto space. If the market sentiment remains bearish from the previous peak, further corrections may occur.
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All are invited to see the big candel seen in bitcoin from the born till now it's bearish but at the end will close green same hammer :) if others say same me now before or later i will not post anymore here when i can't tell you cause i don't know the time but... Check My Contents You Can See Some Signs Of Targets. $BTC
The world will change, the powers will change, the war upcoming, earthquake, disaster, electricity is about to die, fear will show us everything, cryptocurrencies world for short time will be in danger but im telling you it will stay and it will be more and more stonger.
There's secret down the table movement of bitcoin it's show little bullish to trap both side the new short and new buy old buy but the actually trend for the moment is bearish targets are set 47k - 40k - 37k - 33k - 28k and maybe will be less but every movement down will show up trend direction to close all shorts in the way the good move is to deal with it in the same time without letting the order long term or set high positions of liquidation that will not reach same 80k for long short after all this down the chart will change directly to bullish without stop good luck everyone and don't falling in bad signals hope it's reach for maximum investors to not loosing more and more with no reasons be safe. $BTC #BinanceSquareFamily #Write2Earn #MarketDownturn #bitcoin☀️ #BTC☀